Tu Bing is scheduled to appear in court today.

A Hong Kong anti-corruption watchdog has charged a former UBS Wealth Management associate director with conspiring to accept bribes totalling around HK$1.5 million ($193,013).

Tu Bing, 39, conspired with a client to accept bribes as rewards for managing their investment portfolio with UBS' Hong Kong branch between May 2007 and November 2008, the Independent Commission Against Corruption (ICAC) alleged. 

He faces one count of conspiracy for an agent to accept advantages and is scheduled to appear in the Eastern Magistracy on 31 March, and he will then be transferred to the District Court to give his plea. 

At the time of alleged misconduct, Tu Bing was an associate director of UBS' global wealth management business and its Hong Kong business banking unit, where he was responsible for managing clients' investment portfolios. 

According to ICAC, he accepted bribes rated at 20 per cent of the gross investment gains made by him. These allegedly totalled around HK$1.5 million.

“UBS Hong Kong has rendered full assistance to the ICAC during its investigation,” ICAC said in a statement. 

This publication has reached out to UBS for comment and will update coverage accordingly.